MANILA, Philippines – The Department of Budget and Management (DBM) has released P12.2 billion to the National Housing Authority (NHA) to assist disaster victims and resettle informal settlers.
Housing support for disaster victims will be national and amount to 12 billion euros.
The remaining P200 million will go to informal settlers in Western Visayas.
“Department of Budget and Management Secretary Amenah F. Pangandaman has approved the release of a notice of allocation of cash in the amount of P12.259 billion to the National Housing Authority for the housing assistance for disaster victims and the payment of the resettlement of informal settler families in the West. Visayas,” DBM said in a statement on Thursday.
According to the department, the request for payment will be charged to last year’s allocation.
The release was also supported by a documented list of special appropriation orders showing amounts, status of fund utilization and financial accountability reports.
“Housing remains a priority for President Ferdinand R. Marcos Jr. as he strongly believes in the need to provide decent homes to Filipinos, especially those affected by calamities,” Pangandaman said.
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